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Stewardship Code & Governance updates: India, Nigeria – Manifest – January 29, 2017

On January 29, 2017 Manifest reported that the Insurance Regulatory and Development Authority of India (IRDAI) has published an exposure draft of a Stewardship Code for Insurers in India.  Comments are to be submitted to the IRDAI by February 15, 2017. Separately, Manifest reported that the Financial Reporting Council (FRC) of Nigeria has suspended the […]

“Nigeria launches National Development Bank” – Development Finance – January 26, 2017

On January 26, 2017 Development Finance reported that Nigeria has established a national development bank.  According to the article, five development banks have invested in the new institution. “The Development Bank of Nigeria (DBN) has been co-initiated by the World Bank, which provided US$500 million via its International Bank for Reconstruction and Development (IBRD). Other investors include Germany’s KfW, which put […]